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Q. > Please Help: income tax
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330 views • Question added Nov 22, 2014 • Income Tax • By SURENDRA GUPTA , CA


whether subsidy recd. on PMEGP Loan is TAxable under Income TAx

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ATIT D. SHAH

25-Nov-2014 , 10:14:51 am

Same should be adjusted against the machinery, i.e. value of machinery should be reduced and depreciation on the reduced value should be claimed !

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